Coal India to offer its 20 closed underground mines to private players
COAL & MINING

Coal India to offer its 20 closed underground mines to private players

Coal Minister Pralhad Joshi recently announced that with the target to minimise the import of thermal coal, Coal India is going to offer its 20 closed or discontinued underground mines to private players on a revenue-sharing model. The Ministry has allowed concession of 50 per cent in revenue share for coal gasification.

India has the 5th largest reserve of coal in the world and the government's aim is to increase domestic coal production to 1.2 billion metric tonnes by FY 23-24. Continuation of mining activities will help in increasing coal supply to thermal power plans while creating employment opportunities for local people. Extractable reserve in the closed or discontinued coal mines is around 380 million tonne and 30-40 million tonne of coal can be easily extracted from the mines.

The Ministry launched Technology Roadmap for Coal Sector, prepared by it, and intended to lead to adoption and implementation of new technologies and enhance work environment, mining operations, including safety and productivity, environmental protection, increase productivity, improve coal recovery and reduce costs.

Coal Minister Pralhad Joshi recently announced that with the target to minimise the import of thermal coal, Coal India is going to offer its 20 closed or discontinued underground mines to private players on a revenue-sharing model. The Ministry has allowed concession of 50 per cent in revenue share for coal gasification. India has the 5th largest reserve of coal in the world and the government's aim is to increase domestic coal production to 1.2 billion metric tonnes by FY 23-24. Continuation of mining activities will help in increasing coal supply to thermal power plans while creating employment opportunities for local people. Extractable reserve in the closed or discontinued coal mines is around 380 million tonne and 30-40 million tonne of coal can be easily extracted from the mines. The Ministry launched Technology Roadmap for Coal Sector, prepared by it, and intended to lead to adoption and implementation of new technologies and enhance work environment, mining operations, including safety and productivity, environmental protection, increase productivity, improve coal recovery and reduce costs.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?